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Mar 20, 2013
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the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the overall condition in europe, how would you describe it. >> at the moment in europe at the micro economic level we have a two-tiered europe. germany is doing very well and everybody else is struggling along. now things are much better than they used to be when the bond deals of spain and italy were much higher than they are now. because the markets are relatively relax. they trust the european central bank to do as they put it whatever it takes to save the euro. now the risk or the collapse of the euro has receded. that doesn't mean europe isn't in good condition. we are looking at two or more years of recession
the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the...
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Mar 14, 2013
03/13
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they got the new obamacare tax and then they got the fiscal cliff tax and three months later the democratic budget and senate and haven't produced in four years and now they want another trillion dollars to take out of the economy. and it's-- how do the republicans deal with this? i mean, i had john boehner on my radio show and paul ryan on the show last night. what are your thoughts? what are they doing right and wrong? >> doing something, proposing budgets all well and good. they had a continuing resolution last week, that they could have used to try and cut some of obamacare administrative expenses, put some language in it in order to curtail obamacare. obamacare is the big killer in this society and not just of health care, but of liberty and the constitution, and what do they do? they vote for it. not only do they vote for it, they don't allow conservatives in the house to put an amendment on it. obama's not taking boehner seriously, he's kicking him around like a soccer ball. that's the problem, the republicans have got to show they mean something, if they don't, this is going to cont
they got the new obamacare tax and then they got the fiscal cliff tax and three months later the democratic budget and senate and haven't produced in four years and now they want another trillion dollars to take out of the economy. and it's-- how do the republicans deal with this? i mean, i had john boehner on my radio show and paul ryan on the show last night. what are your thoughts? what are they doing right and wrong? >> doing something, proposing budgets all well and good. they had a...
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Mar 17, 2013
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it also means arranging our tax system so is that we have economic growth. and i think we have been saying that from day one. >> chris: well, senator durbin, i heard some give there from senator corker. let me he ask you. are senate democrats willing to make serious cuts, reforms to entitlements if you get added tax revenue and what are the prospects tor for a grand bar ? >> what he articulated is what we did in the bowles simpson commission and what we have done since. we said let's put everything on the table and i want to thank bob be for saying that. we have to, of course, pass the budget resolution in the senate. patty murray has done an extraordinarily good job and then move to the next stage and that is the grand bargain stage. both sides sitting down on a bipartisan basis not eliminating medicare as emhe afraid the paul ryan budget would do but making sure it survives for generations to come. putting revenues on the table that are fair and won't penalize the working people across america and making sure it is a balanced approach. i think what bob cor
it also means arranging our tax system so is that we have economic growth. and i think we have been saying that from day one. >> chris: well, senator durbin, i heard some give there from senator corker. let me he ask you. are senate democrats willing to make serious cuts, reforms to entitlements if you get added tax revenue and what are the prospects tor for a grand bar ? >> what he articulated is what we did in the bowles simpson commission and what we have done since. we said...
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Mar 13, 2013
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are taxing hours? we think the current tax code destroying jobs. it makes american business is much less competitive. that is why the ways and means committee wants to get more people working again. >> is that a shift in approach? >> our approach reflects exactly what the president's joint chiefs season minimum levels necessary to fund the mission for the pentagon. this is our first priority -- national defense. we're funding at the levels the joint chiefs say is necessary to maintain national security. >> you're talking about how the fiscal cliff deal and other improvements major job easier, but you still have to take steps to get a balance. what are those steps? >> one is a budget control act. we extend the budget control act. we also want to extend reforms on the public workforce on federal employees to include all federal employees so that their pension contribution matches those that are in the private sector. we do not think federal employees should be able to have pension systems that are far in
are taxing hours? we think the current tax code destroying jobs. it makes american business is much less competitive. that is why the ways and means committee wants to get more people working again. >> is that a shift in approach? >> our approach reflects exactly what the president's joint chiefs season minimum levels necessary to fund the mission for the pentagon. this is our first priority -- national defense. we're funding at the levels the joint chiefs say is necessary to...
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Mar 20, 2013
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worldwide the parliament in cyprus rejects a plan to tax its bank depositors. the euro falls to its lowest level since november. >>> ben bernanke and the fed get down to business. what should we expect after its two-day meeting ends tomorrow? we'll ask former federal reserve governor randy crosser in. >> and what does the ceo of one of the world's iconic brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming up right now on "nbr." good evening and welcome to our public television viewers. susie, once again, little cyprus making big economic noise today. >> you're right, tyler. actually a big win for citizens in cyprus. lawmakers rejected today an unpopular and unprecedented proposal to tax bank deposits. it was part of a larger eurozone bailout plan to rescue those banks and keep the nation solvent. the crucial vote came after a wave of protests, and as cypr t cypriots scrambled to withdraw cash from their atms. bertha coombs joins us with more on today's historic vote and what's ahead for
worldwide the parliament in cyprus rejects a plan to tax its bank depositors. the euro falls to its lowest level since november. >>> ben bernanke and the fed get down to business. what should we expect after its two-day meeting ends tomorrow? we'll ask former federal reserve governor randy crosser in. >> and what does the ceo of one of the world's iconic brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming...
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Mar 18, 2013
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increase after the obama tax increase and the fiscal cliff tax increase. the point i was going to make to melissa is she's the business expert here. the economy is pick up, no questions about it. as that happens, bill, the tax revenues are going to increase a little bit so we maybe bailed out a little bit here, right, melissa by an improving economy. >> it's true if we don't do something to thwart it and knock it off the rails as it's trying to get better. if we don't ruin our own future. bill: it's much more morey more resilient. martha: pope francis break w-g tradition after celebrating mass. look at him om was out there shaking hands and touching people and getting out there, lots of face time and everybody was so excited because tears were streaming down their faces. he's expected to celebrate his inaugural mass in front of tense of house of worshippers in st. peters square tonight. we have not seen anything like this since pope john paul ii. no doubt it's giving his security folks many part attacks as he thrusts into the crowd there. they are also goi
increase after the obama tax increase and the fiscal cliff tax increase. the point i was going to make to melissa is she's the business expert here. the economy is pick up, no questions about it. as that happens, bill, the tax revenues are going to increase a little bit so we maybe bailed out a little bit here, right, melissa by an improving economy. >> it's true if we don't do something to thwart it and knock it off the rails as it's trying to get better. if we don't ruin our own future....
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Mar 17, 2013
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half through spending cuts and half through tax hikes. senator corker, let me start with you: will senate republicans accept a tax increase, if you get serious entitlement reform and cuts? >> well, i think senate republicans and all republicans want to see a 75-year solution to entitlements. and, i think republicans are joined in wanting to see tax reform. so, to the extent that generates revenues and how that is scored, obviously, that will be debated as we move ahead but i think all of us understand the real issue driving the deficits we have in or country, are the entitlements, and, that what is we want to see solved and we want to see these available for generations, generations to come. >> chris: but, quickly, you understand the price for entitlement reform in any deal would be a tax increase. would you buy that and what do you think the prospects is there will be a deal sometime before this summer? >> well, again, i think... i think, there, by the way, is a chance on a deal. i know the president is saying the right things, and we ha
half through spending cuts and half through tax hikes. senator corker, let me start with you: will senate republicans accept a tax increase, if you get serious entitlement reform and cuts? >> well, i think senate republicans and all republicans want to see a 75-year solution to entitlements. and, i think republicans are joined in wanting to see tax reform. so, to the extent that generates revenues and how that is scored, obviously, that will be debated as we move ahead but i think all of...
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Mar 16, 2013
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they don't want any kind of revenue, any kind of taxes. some are ok with tax reform. but if you're going go through the text couple of years as a lawmaker you're dealing with a president who is liberal. i think that is an open question for the movement and for the party. >> rusty, i will start with you. if you were advising the conservatives within the republican party, what would you tell them to do for what robert is saying here, in terms of getting on the right course to solve this problem but, two, recognize you have elections coming up in a year and half. you have to deal with the political reality as well. what would you advising people that are coming out with republican budgets to do? >> we have to cut the budget. but we have to have a message -- >> that is not simple and you know it. >> of course it is simple. there are so much waste and fraud -- of course it is simple. >> it is understand but not simple to do. >> it is more simple than they are not doing, they are not trying to. the problem is -- >> you have to face that fact. the people who are going to vot
they don't want any kind of revenue, any kind of taxes. some are ok with tax reform. but if you're going go through the text couple of years as a lawmaker you're dealing with a president who is liberal. i think that is an open question for the movement and for the party. >> rusty, i will start with you. if you were advising the conservatives within the republican party, what would you tell them to do for what robert is saying here, in terms of getting on the right course to solve this...
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continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and people in the country are going wait a minute. we manage to live within our means. why can't washington figure this out? >> we're at record low levels in terms of discretionary spending. we haven't had it this low since the eisenhower administration. so where does that come from? because as you know, democrats are not going to touch those entitlement programs unless you are willing to touch revenue. do you think we can really cut more? >> it's going to have to be addressed one way or another. mandatory spending is the biggest part hasn't been addressed by congress. obama care is part of mandatory spending. every report of obama care each report says it's going to cost more money and add more to the deficit than the prior repo
continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and people in the country are going wait a minute. we manage to live within our means. why can't washington figure this out? >> we're at record low levels in terms of discretionary spending. we haven't had it...
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Mar 16, 2013
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-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban guns. styrofoam cups, smoking. but he won't ban pot holes and poverty. why not? damaging testimony today in the case of two ohio
-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn...
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Mar 19, 2013
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the parliament of cyprus voted to reject a bill that would tax bank deposits in order to qualify for an international bailout package. to receive $13 billion from the e.u. and the international monetary fund, cyprus has to raise $7.5 billion on its own. but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a training exercise in western nevada. military officials said that prompted the pentagon to halt the use of the mortar worldwide until an investigation can be completed. the accident happened last night at the hawthorne army depot. the marines who were killed were based at camp lejeune in north carolina. seven other marines and sailors were injured in
the parliament of cyprus voted to reject a bill that would tax bank deposits in order to qualify for an international bailout package. to receive $13 billion from the e.u. and the international monetary fund, cyprus has to raise $7.5 billion on its own. but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around...
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Mar 21, 2013
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twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in the senate. senator orrin hatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical device attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family. one study commission that obamacare will increase the cost of a family plan by $7200. do any of you remember the original statement by the president and his team? this is a plus. but it would cut it by $2500. in government terms, it is a $10,000 swing. so how do the officials feel about those rising premiums? well, here you are. >> why have the rates risen, and will be they rise further? >> i think that what we are seeing is pretty good news. i used to watch this day in and day out. we have seen far feral or increases in the last few years than in the previous decade. >>
twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in the senate. senator orrin hatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical device attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family....
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what he did was cut taxes on working people, 90 percent of the public did not pay any taxes. the 2% the did. lou: to drop their rates from 15, under 1 percent as a percentage of the revenue income revenue. 1924, immigration act. people don't realize he did a lot to bring out what we refer to now has diversity. he was reaching out to immigrants from all quarters, minority groups of all kinds. >> he also signed in at the main gate of american citizens. they could vote. way ahead on civil rights, proposing federal anti lynching loss. he spoke out to irish groups, jewish groups while at the same time that that evidence should be made american which is something that is clearly missing from our immigration debate. lou: the idea of going from melting pot to a cultural selig we never quite bring everybody together. that's like to be a very big issue. let me get your thoughts. are we going to see comprehensive immigration reform? >> i think not. when people see the price tag, the need to understand that -- well, coolidge understood. i'm engaged to marry an immigrant. nothing against
what he did was cut taxes on working people, 90 percent of the public did not pay any taxes. the 2% the did. lou: to drop their rates from 15, under 1 percent as a percentage of the revenue income revenue. 1924, immigration act. people don't realize he did a lot to bring out what we refer to now has diversity. he was reaching out to immigrants from all quarters, minority groups of all kinds. >> he also signed in at the main gate of american citizens. they could vote. way ahead on civil...
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many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the same number, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest said the fed will has been substantial, don't expect changes anytime soon. that should be music to the ears of most investors. joining us, former federal reserve vice chair princeton economist alan blinder and the author of the book after the music stops. great to have you with us. >> nice to be here. lou: let's start with cypress. this little place, million folks. they're creating quite a mess. $400 billion lost of global markets yesterday. we should blame -- >> multiple of the gdp. i
many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the same number, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates...
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tax reform in >> i'm not, he made hints about it before. it's some of the areas he and mitt romney had overlap. the president seemed open to corporate tax reform in the past. what we have not had from the president is anything in the way of specifics. if yao the president of the united states, and you want to actually orer in a -- usher in a series of reforms, whether it's taxes or entitlements, get out and make your case to the american public by giving us specifics, tells us exactly what you want to do. think until we do, we should be skeptical. gerri: what john boehner said in an op-ed quoting all the bipartisan discussions are encouraging, but presidential leadership is needed and shifting from charm to courage and action we can guarantee the children a future where everyone has a chance to find work and pursue their piece of the american dream. it's about leadership at the end of the day, isn't it? >> yeah, i mean, i think that's right, and this is -- the president has not done this, and not only that, but when he's had the opportunity
tax reform in >> i'm not, he made hints about it before. it's some of the areas he and mitt romney had overlap. the president seemed open to corporate tax reform in the past. what we have not had from the president is anything in the way of specifics. if yao the president of the united states, and you want to actually orer in a -- usher in a series of reforms, whether it's taxes or entitlements, get out and make your case to the american public by giving us specifics, tells us exactly...
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a lot of that is down in terms of you know federal tax dollars. they're getting an extra return a little tax you know that is not how it was but yeah there's a there's a there's something of an a well i would that was my point though is my point richard is that is that we don't because were a duration and so would have been be inaccurate to say that when the e.u. was formed they sort of did it half way they did a national currency but they didn't give the individual states the power that we give states as part of the united states of america and as a consequence that loss of economic sovereignty has translated into a loss of political sovereignty for those states and if that's the case along before the e.u. disintegrates. well i think that's the question of the day i think you know if you start talking about the european central bank and its power the european union and its power and germany's dominance of both then i think you're really looking at the potential disintegration of the european union you're also seeing very clearly that while it cla
a lot of that is down in terms of you know federal tax dollars. they're getting an extra return a little tax you know that is not how it was but yeah there's a there's a there's something of an a well i would that was my point though is my point richard is that is that we don't because were a duration and so would have been be inaccurate to say that when the e.u. was formed they sort of did it half way they did a national currency but they didn't give the individual states the power that we...
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Mar 15, 2013
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most of these european countries, they have 50% tax rates. they're already starting at a point where they'll have a hard time recovering. france has 75% tax rate. >> that's only just been raised. britain is 40%. let's just get the -- >> it's still high. >> if you're talking local taxes included -- >> what i'm trying to put to you, really, ron, is the idea of slashing the budget. >> not slashing. >> and balancing the budget in the way that you propose and way rand paul did this week and the way paul ryan does. >> i just don't understand -- >> all of the best kmist economn the world are telling us all that would do is force us back into a recession. >> i don't understand. remember, when the government spends $1, it has to take it from the private sector. you're taking money out. actually my girlfriend had a great article on this that if you look at our deficit, $1 trillion, how many jobs does that equal? over 100,000 jobs that we're taking out of the economy and spending in the deficits. it's this idea, this liberal multiplier effect that gover
most of these european countries, they have 50% tax rates. they're already starting at a point where they'll have a hard time recovering. france has 75% tax rate. >> that's only just been raised. britain is 40%. let's just get the -- >> it's still high. >> if you're talking local taxes included -- >> what i'm trying to put to you, really, ron, is the idea of slashing the budget. >> not slashing. >> and balancing the budget in the way that you propose and way...
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>> warren buffett pays corporate taxes. >> he himself says he is paying less taxes than his secretary. >> when you look at that and the portrait of the own tax liability. fair enough. >> you take that case up with warren buffett. that's what he is saying. and when you look at sort of where corporate america is sort of profiting and american middle class wages are stagnant, you can't look at this and say that's fair. >> i agree. high corporate profits are a problem. regulation exacerbate that's problem and limits at built of startups to take on the companies. that's why even in mexico taker taking on the version of warren buffett for the very good reason that's the way you get jobs and growth by having more entrepreneurship and more growth and high corporate tax that are biassed towards the ges and buffets of the world is a burden. >> it's a weird argument to say we need more regulation when corporations are sitting on record profits. >> that happens to be true. >> gentlemen, thank you both very much. still "out front," new revelations about the teenage >> i'm willing to, you know, bre
>> warren buffett pays corporate taxes. >> he himself says he is paying less taxes than his secretary. >> when you look at that and the portrait of the own tax liability. fair enough. >> you take that case up with warren buffett. that's what he is saying. and when you look at sort of where corporate america is sort of profiting and american middle class wages are stagnant, you can't look at this and say that's fair. >> i agree. high corporate profits are a problem....
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growth or more tax and spend? >> despite this confidence in their plan, the reality is that the ryan plan will likely pass the house tomorrow and then die a lonely death in the upper, lower chamber. having garnered no bipartisan support whatsoever. but don't expect that to be the end of the budget tango. and don't expect it to be the end of finger-pointing, either. as the majority leader reminds us, nothing says deal maker like an inability to compromise. >> if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside. >> joining us now from new orleans, is democratic political strategist, james carville, the author of many books, including his latest "it's the middle class, stupid" james, it's a joy to have you on the show. thank you for joining us. i didn't have time to get into the wagner budget and the carville budget, but i wonder with the proliferation of budgets, mr. carville, do you think we're any closer to any kind of deal? >> pro
growth or more tax and spend? >> despite this confidence in their plan, the reality is that the ryan plan will likely pass the house tomorrow and then die a lonely death in the upper, lower chamber. having garnered no bipartisan support whatsoever. but don't expect that to be the end of the budget tango. and don't expect it to be the end of finger-pointing, either. as the majority leader reminds us, nothing says deal maker like an inability to compromise. >> if the president wants...
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>> the president got his tax hikes on january 1st. the talk about raising revenue is over, it's time to deal with the spending problem. >> the president suggested cuts to social security and means testing medicare is that enough? what more does he have to do on entitlements for you to consider additional revenues? >> we need to put the entitlement programs on a sustainable path. they're not today. and americans understand this. and the sooner we make changes to these programs, to put them on a sustainable path, the easier it will be to make those changes. >> let's move on to the republican party itself and the cpac conference this weekend. two potential presidential candidates. senator marco rubio and senator rand paul. had very different messages about the current state of the party. senator rubio said, we don't need any new ideas. the idea is called america and it still works. and here's what rand paul had to say. >> there is nothing conservative about bailing out wall street. our party is in encumbered by an inconsistent approach t
>> the president got his tax hikes on january 1st. the talk about raising revenue is over, it's time to deal with the spending problem. >> the president suggested cuts to social security and means testing medicare is that enough? what more does he have to do on entitlements for you to consider additional revenues? >> we need to put the entitlement programs on a sustainable path. they're not today. and americans understand this. and the sooner we make changes to these programs,...
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endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't incollusive. we were behind in both data and digital. our primary and debate process needed improvement. >> young voters are increasingly rolling their eyes at what the party represents. >> and many minorities think that republicans don't like them. or don't want them in our country. >> if hispanics think we don't want them, here they will close their ears for policies. >> bret: besides all that, everything is fine in the g.o.p. today, a report out from the head of the g.o.p., the chairman. reince priebus, who said focus group called the party narrow
endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't...
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Mar 19, 2013
03/13
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CNNW
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. are proven to be effective pain relievers. tylenol works by blocking pain signals to your brain. bayer advanced aspirin blocks pain at the site. try the power of bayer advanced aspirin. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. omnipotent of opportunity. you know how to mix
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. are proven to be effective pain relievers. tylenol works by blocking pain signals to your brain. bayer advanced aspirin blocks pain at the site. try the power of...
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Mar 13, 2013
03/13
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CSPAN
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simple math shows that this budget will finance large tax cuts for the wealthiest by raising the tax burden on middle class taxpayers. the budget calls for dropping the top tax rate from 39% to 25% , cutting the rate for millionaires by more than 1/3 while holding all other revenues constant. just last fall the nonpartisan tax policy center did an analysis of a far more modest plan put forward by governor romney to reduce the top tax rate from 35% to 28%. and they showed it would inevitably raise the income tax burden on individuals making under $200,000 a year. this budget proposal which provides even bigger tax cuts to millionaires will raise the tax burden on middle income families by an average of $2,000. at the same time, same time it does not close one single special interest tax loophole for the purpose of reducing the deficit. not one dime from ending special breaks for corporate jets, big oil companies, or hedge fund managers to help us reduce the deficit. while providing this windfall to the very healthy, this proposal guts vital investments that are essential to shared pro
simple math shows that this budget will finance large tax cuts for the wealthiest by raising the tax burden on middle class taxpayers. the budget calls for dropping the top tax rate from 39% to 25% , cutting the rate for millionaires by more than 1/3 while holding all other revenues constant. just last fall the nonpartisan tax policy center did an analysis of a far more modest plan put forward by governor romney to reduce the top tax rate from 35% to 28%. and they showed it would inevitably...
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Mar 13, 2013
03/13
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and also, how are consumers going to react to increased taxes. so we're really watching out on all these economic numbers for q2. >> you also watch that, but i'm looking up at the transports that are up 102 points. >> 102 points. >> which would confirm the move we're seeing to new all-time highs right now on the dow. >> the only things that concerns me is you're not seeing this explosion in volume at these new highs. now, the s&p hasn't done it yet. maybe if we get through the s&p, all of a sudden there'll be this exposure. you don't feel it yet, but that being said, it's still making a new high, right? >> exactly. >> at least the dow is. s&p is still not. >> if we get a budget agreement, i'm really talking pie in the sky here. but they are talking, at least. if we get a budget agreement, that would have to help the market too, i think. >> and we would probably advise our s&p estimate. >> so what would it take? 10%? you could move it higher. >> exactly. because, ultimately, we'd start seeing the earnings and see the multiple expansions. right now
and also, how are consumers going to react to increased taxes. so we're really watching out on all these economic numbers for q2. >> you also watch that, but i'm looking up at the transports that are up 102 points. >> 102 points. >> which would confirm the move we're seeing to new all-time highs right now on the dow. >> the only things that concerns me is you're not seeing this explosion in volume at these new highs. now, the s&p hasn't done it yet. maybe if we get...
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Mar 14, 2013
03/13
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CNBC
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what do you make of obama and corporate taxes? >> we absolutely need pro growth tax reform. that's how we'll get the economy growing. he indicated a willingness to engage in tax reform, but still wants net higher taxes to get revenue, rather than getting revenue from economic growth. and that is a bridge that we have to get across with him in terms of getting him to understand that to get the economy growing, you can't keep raising taxes and we pushed that point very hard with him today. >> senator hoeven, didn't the president come forward with a trillion in cuts and $700 billion in tax increases that he's proposing in a way that he said would do this with balance. speaker boehner in 2011 said he was going to get the house to approve a trillion dollars in tax increases and so far $600 billion or so has been approved in the last round. where does this go from here? >> clearly has not demonstrated a trillion in cuts. i have not seen that. asking for $600 billion in additional tax increases, and i and others pointed out, we just provided. he got $600 billion in tax increases wi
what do you make of obama and corporate taxes? >> we absolutely need pro growth tax reform. that's how we'll get the economy growing. he indicated a willingness to engage in tax reform, but still wants net higher taxes to get revenue, rather than getting revenue from economic growth. and that is a bridge that we have to get across with him in terms of getting him to understand that to get the economy growing, you can't keep raising taxes and we pushed that point very hard with him today....
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Mar 20, 2013
03/13
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especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently. >> under normal circumstances, you don't want the government intervening. in the circumstances where we have the weak demand this is a good time for the government to step in. >> even though who want to spend less would increase spending at lower rate. >> bret: house lawmakers vote down budget proposals as an alternative to g.o.p. plan put forward by paul ryan. senators approved a stop gap spending plan. continuing resolution to keep the government funded after the end of the month. senate has, now it heads to the house. amendment to force the president to reinstate white house tours fail today. mixed message
especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently....
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Mar 18, 2013
03/13
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forhe plan would cut taxes everybody and eventually replace medicare with a voucher plan, cut medicaid by over $700 billion in 10 years. do the democrats have a better idea, mark? >> the democrats have a better idea by basically not letting anything compete in the spotlight with paul ryan's. numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to move them through some sort of entitlement reform. >> evan? >> maybe obama has got some secret plans to, but i don't see it. this is too little too late. if he was serious about a grand bargain he would have started in november. instead, he behaved like a political hack for months, and then his polls go down and he says,
forhe plan would cut taxes everybody and eventually replace medicare with a voucher plan, cut medicaid by over $700 billion in 10 years. do the democrats have a better idea, mark? >> the democrats have a better idea by basically not letting anything compete in the spotlight with paul ryan's. numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a...
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Mar 14, 2013
03/13
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of raising taxes. we do so in the service of creating a fairer tax code, funding investments for the future and in the service of a balanced approach to deficit reduction. if you take out the deficit reduction concerns and lord knows that any sort of inve investment spending right now is not going to pass muster with the house republicans, you're left with the fairness motive. a more just system would certainly be nice, does it offset the injustice of cutting benefits to folks who rely on social security? to scuttle a brand bargain deal, though, democrats need some sort of political cover. hmm. if only some republican would put out a really toxic, extreme, ideological plan that democrats could point to as continuing republican intransigence, they could walk away with not political consequence. you know, i think i know just the guy. all right. that does it for us here at "the cycle." martin bashir, all yours. >>> good afternoon, it's thursday march the 14th. who needs compromise on capitol hill when cpa
of raising taxes. we do so in the service of creating a fairer tax code, funding investments for the future and in the service of a balanced approach to deficit reduction. if you take out the deficit reduction concerns and lord knows that any sort of inve investment spending right now is not going to pass muster with the house republicans, you're left with the fairness motive. a more just system would certainly be nice, does it offset the injustice of cutting benefits to folks who rely on...
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Mar 21, 2013
03/13
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FBC
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there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it a lot of things in the state budget. if he needs the temporary cover, give it to him, but now to extend it, that reminds me that federal income tax was supposed to be a temporary tax to pay for world world war i, limited to pay for world war i. neil: you're right. stayed on, didn't it? >
there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound...
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Mar 18, 2013
03/13
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while cutting taxes every year. i have dedicated much of my adult life to revolutionize our schools so that school serves children and parents. you must know this, all of our successes at the state level, and all of the work being done in the private sector can be undone if we continue to lose presidential elections. we will forfeit our ability to chart a better future for our republic. this would be tragic in every sense of the world. as you know, sam is the former ceo of ibm. probably the best ceo in america in the last decade. sam is also a fantastic human being. he's easy to talk to, but he is also a visionary and a true leader. he told me an amazing story. withs deeply involved assembling the team that created watson, a supercomputer that can understand natural language with all the ambiguities associated with human speech. watson can read through more than 200 pages of text to find an answer in less than three seconds. what you do when you have this kind of amazing capability at your fingertips? do you know wh
while cutting taxes every year. i have dedicated much of my adult life to revolutionize our schools so that school serves children and parents. you must know this, all of our successes at the state level, and all of the work being done in the private sector can be undone if we continue to lose presidential elections. we will forfeit our ability to chart a better future for our republic. this would be tragic in every sense of the world. as you know, sam is the former ceo of ibm. probably the...
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Mar 19, 2013
03/13
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FBC
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 18, 2013
03/13
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KQED
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we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that because the president worked awfully hard because of the congressional leadership to reach a grand bargain. we set as a goal as a number of others have to rules the deficit by 4 trillion dollars over the next decade. we made substantial progress. two and-a-half million. we didn't reach a plan then because speaker boehner decided to go to plan b. if we couldn't get to the bargain then i don't know if it's any easier now. it's hard for me to say what has changed from their calculations. but the president is going to try whatever will work and try to be helpful with this process. >> ros
we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that...
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Mar 15, 2013
03/13
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CSPAN2
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by creating a flat personal income tax of 17%. and cutting the regulations that are strangling american businesses. [applause] the only stimulus ever proven to work is leaving more money in the hands of those who earned it. the constitution must be our guide for conservatives to win nationally and we must stand for something. we must stand on principles and stand for something so powerful and so popular that it brings together people from the left and the right in the middle. we need one that shouts at the top of our lungs that we are the party of jobs and opportunities in the gop is the ticket to the middle class. [applause] the gop of old has grown stale and moss covered we don't need to name names. our party is in common by the inconsistent approach to freedom. the new gop will embrace it in the economic and personal sphere. if we are going to have a republican party that can win, liberty needs to be the backbone of the gop. [applause] we must have a message that is broad and our vision must be broad, and the vision must be bas
by creating a flat personal income tax of 17%. and cutting the regulations that are strangling american businesses. [applause] the only stimulus ever proven to work is leaving more money in the hands of those who earned it. the constitution must be our guide for conservatives to win nationally and we must stand for something. we must stand on principles and stand for something so powerful and so popular that it brings together people from the left and the right in the middle. we need one that...